The pricing structure “unbundles” a common 401(k) pricing structure where investment management and administrative charges are combined in an asset-based fee.
Participants in Persumma’s program still incur asset-based investment management charges on investment funds chosen by the participant.
The monthly fee covers participant access to :
- Morningstar Classic Portfolios, fund allocation models designed by Morningstar
- Morningstar ClearFuture online advice
- Educational tools from SmartMoney.com and Morningstar
- No-fee loans
- No-fee distributions
- Unrestricted investment choice
- Personalized alerts
- Access to brokerage services
- Round the clock customer service and technical support